SRF Limited has announced the successful commissioning and capitalization of its agrochemical intermediate manufacturing facility at Dahej, Gujarat. The project, initially approved by the Board on October 27, 2023, was estimated to cost ₹235 crore. The first phase was commissioned on July 31, 2024, at a cost of ₹190 crore. As of April 10, 2025,…
EPACK Durable Limited has announced a significant capacity addition to support its newly launched washing machine product line. Key Highlights: Proposed Capacity Addition: Approximately 600,000 units per annum Timeline: Capacity to be added within approximately 1 year Investment Required: Approximately ₹50 crore Mode of Financing: Internal accruals (own funds) Rationale: Enhancement of production capacity to…
IRCON International Limited has been awarded a significant contract by the Signal & Telecommunication (S&T) Construction division of North Western Railway, Indian Railways. 📌 Contract Overview Project Scope: Design, manufacture, supply, installation, testing, and commissioning of microprocessor-based Electronic Interlocking (EI) systems (with inbuilt block instruments) at 20 stations in the Ajmer Division. The project also…
Bajel Projects Limited, a subsidiary of Bajaj Electricals Limited, has secured multiple EPC contracts for power transmission lines and AIS substations in India. These contracts are categorized as “Ultra Mega” projects, each valued at ₹400 crore or more. Key Orders Awarded: 765kV Transmission Line in Andhra Pradesh Client: PowerGrid Corporation of India Limited (PGCIL), on…
Olectra Greentech Limited has secured a significant order from the Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 non-air-conditioned, 9-meter electric buses. This order, valued at approximately ₹424.01 crore, represents one of the largest single-state procurements of electric buses in India. The buses are specifically designed to navigate the challenging terrains…
Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a Government of India undertaking under the Ministry of Defence, has received a Letter of Award (LoA) from the Geological Survey of India (GSI) for the construction and delivery of two Coastal Research Vessels. The contract, awarded on April 8, 2025, is valued at ₹489.98 crore and is…
On April 10, 2025, Reliance Industries Limited (RIL) announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has entered into a share purchase agreement with Welspun Corp Limited (WCL) to acquire an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL). This acquisition, valued at ₹51.72 crore, is subject to adjustments…
On April 10, 2025, Sundaram Finance Holdings Limited (SFHL) announced its decision to acquire a 24.16% equity stake in Axles India Limited from Dana Global Products Inc. for approximately ₹182.68 crore. This acquisition will increase SFHL’s stake in Axles India to 62.98%, making it a subsidiary of SFHL. The transaction is expected to be completed…
On April 8, 2025, Sasken Technologies Limited announced the completion of its acquisition of BORQS International Holding Corp. and its identified wholly owned subsidiaries. The acquisition was executed through Sasken Design Solutions Pte. Ltd., a wholly owned subsidiary based in Singapore. The total consideration for the acquisition, including potential earn-outs, is up to US$40 million…